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Hook
Elite Nomad
Posts: 9010
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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Hit 14.8 today, then dropped back to finish at 14.77.
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Hook
Elite Nomad
Posts: 9010
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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It breached 14.9 this AM. Still hovering around that figure. This is the highest it's been since March of 2009, when it did top 15/1.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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This has a way of making me just a bit nervous. Although against the rules, we'll be seeing a lot of consumer goods, as well as service prices
changing from peso to dollar.
"YOU CAN'T LITTER ALUMINUM"
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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After hitting 14.80 yesterday, the Peso is showing a bit of life:
14.53........to one.
"YOU CAN'T LITTER ALUMINUM"
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24baja
Senior Nomad
Posts: 951
Registered: 2-3-2009
Location: Grants Pass Oregon/Bahia de Los Angeles
Member Is Offline
Mood: Wishing we were in BOLA
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We just purchased at BOA@ 13.77 which is the highest we have found here in Oregon.
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Howard
Super Nomad
Posts: 2353
Registered: 11-13-2007
Location: Loreto/Manhattan Beach/Kona
Member Is Offline
Mood: I'd rather regret the things I've done than regret the things I haven't done.
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Ya'll can look at the computer for currency conversion all you want the truth of the matter is what you actually get.
At the Bancomer ATM in Loreto yesterday I received 14.707 to the $.
Now for all you very wise men (and women) what should I do? I am having a wall built in a couple of weeks that will come to around 9,000 pesos.
Get the money now at 14.7 or hold out and try and get more in a couple of weeks?
I choose to go to Happy Hour and contemplate the current world currency market. Not.
How many of you think it will be higher than 14.7 and how many of you think it will be lower than 14.7 on December 31st?
Come on all you financial Einstein's, stick you neck out and give me your opinion. (Guess) 
We don't stop playing because we grow old;
we grow old because we stop playing
George Bernard Shaw
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luv2fish
Nomad
Posts: 455
Registered: 5-8-2011
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Quote: Originally posted by DENNIS  |
After hitting 14.80 yesterday, the Peso is showing a bit of life:
14.53........to one. [/rquote
If I may ask a dumb question, What or who controls the amount of pesos it takes to buy a U.S. Dollar ?
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Salsa
Nomad
Posts: 174
Registered: 2-4-2003
Member Is Offline
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Have you ever heard of "supply and demand" ?
(With a little no lot of nudging by the government)
Don
[Edited on 12-18-2014 by Salsa]
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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Quote: Originally posted by luv2fish
If I may ask a dumb question, What or who controls the amount of pesos it takes to buy a U.S. Dollar ?
[/rquote |
International money market.
http://www.investopedia.com/articles/forex/10/international-...
http://en.wikipedia.org/wiki/International_Monetary_Market
"YOU CAN'T LITTER ALUMINUM"
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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So? If I go to a bank in mexico, with ONE dollar and change it for pesos, how much will I get if the IMM says 14.59???
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coconaco
Nomad
Posts: 118
Registered: 12-28-2006
Location: Valle de San Fernando
Member Is Offline
Mood: respooled
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UNA MAS CERVEZA PORFAVOR, CON 5 TACOS DE TIBURON..
Not Tiburon, Angel Fish
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
Member Is Offline
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| Quote: | posted by Dennis
If I may ask a dumb question, What or who controls the amount of pesos it takes to buy a U.S. Dollar ? |
Not a dumb question at all, Dennis. You would be surprised at the variety of answers you would get to that question from different so called experts.
The exchange rate for most all currencies is determined by a world wide market of buying and selling currencies. There are exchanges where the buying
and selling takes place throughout the world. As such, mostly classical 'market forces' are at play (much of the time, but certainly not all the time)
determine the price.
Market Prices for major currencies, and therefore the exchange rate (which is itself the 'market price') for pesos vs US dollars has both short term
and long term factors that come into play. All those market factors are known as 'fundamentals'. There are a bunch of factors, but, the big picture
factors are geopolitics, actual market things such as but not at all limited to 'supply and demand' for given currencies at given points in time, and
the self-serving deliberate actions of money brokers and large players in the market. Those are the most difficult to predict as the large players
can influence the market price at will for their own benefit. Often times the large players are the countries themselves.
I don't know the precise dynamics of the peso vs the US dollar, but I do see some indicators such as the effect of Mexico's dwindling oil production,
the changing strength of the US dollar (it is getting stronger against many other currencies as well, e.g. the Euro), the US's strengthening economy
Vs Mexicos' lesser strength, the price of gold, silver, and oil dropping.
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luv2fish
Nomad
Posts: 455
Registered: 5-8-2011
Member Is Offline
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Peso hits 15.00 WOW
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Hook
Elite Nomad
Posts: 9010
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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Howard, it's gonna trade in a range from probably 14.5 to 15 for a while, I expect. Oil prices arent going to suddenly rebound, excluding some MAJOR
international incident. And this downturn in oil has resisted some international pressures, already. Mexico is a country heavily tied to the price of
oil.
So, why not exchange a few dollars when it's above 14.7 and sit on them when it's below that? If you need them, and it's below 14.7, just go get
them. Losing < 0.2 pesos per dollar ain't too bad.
Looks like 14.58, as I write.
Went to the cinema yesterday, to see Birdman (really enjoyed this wacky, very contemporary-Hollywood movie; incredible camera work, tremendous acting
by the entire ensemble!). With my senior discount and dollars at 14.5, the movies in a really good, new theatre are 3.00 US. My wife and I were the
ONLY people in there for the Sunday matinee. Spanish subtitles, English-speaking movies all the time over here.
Of course, a grande popcorn and a large coke are still about 5.50 US. They have figured out the American cinema pricing on snacks in a theatre.
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Hook
Elite Nomad
Posts: 9010
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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Dennis, WTF did you do, here? 
Howard, it's gonna trade in a range from probably 14.5 to 15 for a while, I expect. Oil prices arent going to suddenly rebound, excluding some MAJOR
international incident. And this downturn in oil has resisted some international pressures, already. Mexico is a country heavily tied to the price of
oil.
So, why not exchange a few dollars when it's above 14.7 and sit on them when it's below that? If you need them, and it's below 14.7, just go get them.
Losing < 0.2 pesos per dollar ain't too bad.
Looks like 14.58, as I write.
Went to the cinema yesterday, to see Birdman (really enjoyed this wacky, very contemporary-Hollywood movie; incredible camera work, tremendous acting
by the entire ensemble!). With my senior discount and dollars at 14.5, the movies in a really good, new theatre are 3.00 US. My wife and I were the
ONLY people in there for the Sunday matinee. Spanish subtitles, English-speaking movies all the time over here.
Of course, a grande popcorn and a large coke are still about 5.50 US. They have figured out the American cinema pricing on snacks in a theatre.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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That wasn't my question, Mitch. I can't figure out what happened here. It turned life into a side-bar.
ohhh well...if it doesn't get fixed, we can start a new thread.
"YOU CAN'T LITTER ALUMINUM"
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Sweetwater
Senior Nomad
Posts: 915
Registered: 11-26-2010
Member Is Offline
Mood: chilly today hot tomale
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Howard, the dollar is projected to continue to get much stronger.
Everbody\'s preachin\' at me that we all wanna git to heaven, trouble is, nobody wants to die to git there.-BB King
Reality is what does not go away when you stop believing in it. -Philip K Dick
Nothing is worse than active ignorance. Johann Wolfgang von Goethe(1749-1832, German writer, artist and politician)
When choosing between two evils, I always like to try the one I\'ve never tried before. - Mae West
Experience is what keeps a man who makes the same mistake twice from admitting it the third time around.
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